Question

Use the business transactions below to:

1.		Stockholders invest $40,000 in cash in starting a real estate office operating as a corporation.
2.		Purchased $500 of supplies on credit.
3.		Purchased equipment for $25,000, paying $3,500 in cash and signed a 30-day, $21,500, note payable.
4.		Real estate commissions billed to clients amount to $4,000.
5.		Paid $700 in cash for the current month's rent.
6.		Paid $250 cash on account for office supplies purchased in transaction 2.
7.		Received a bill for $800 for advertising for the current month.
8.		Paid $2,500 cash for office salaries.
9.		Paid $1,200 cash dividends to stockholders.
10.		Received a check for $2,000 from a client in payment on account for commissions billed in transaction 4.

Prepare a tabular analysis of the transactions indicating the final balance of each item. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter 0 for amounts.)

Trans.		Cash	+	Accts. Rec.	+	Supplies	+	Equip.	=	Notes Pay.	+	Accts. Pay.	+	Common Stock	+	Service Rev.	-	Rent Exp.	-	Advert Exp.	-	Sal. & Wag-es Exp.	-	Div.
1.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
2.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
3.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
4.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
5.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
6.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
7.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
8.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
9.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
10.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Total		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars		enter the total amount in dollars

Answer 1

																							Amount $
Trans.	Cash	+	Accts. Rec.	+	Supplies	+	Equip.	=	Notes Pay.	+	Accts. Pay.	+	Common Stock	+	Service Rev.	-	Rent Exp.	-	Advert Exp.	-	Sal. & Wag-es Exp.	-	Div.
1	40,000	+		+		+		=		+		+	40,000	+		-		-		-		-
2		+		+	500	+		=		+	500	+		+		-		-		-		-
3	-3,500	+		+		+	25,000	=	21,500	+		+		+		-		-		-		-
4		+	4,000	+		+		=		+		+		+	4,000	-		-		-		-
5	-700	+		+		+		=		+		+		+		-	700	-		-		-
6	-250	+		+		+		=		+	-250	+		+		-		-		-		-
7		+		+		+		=		+	800	+		+		-		-	800	-		-
8	-2,500	+		+		+		=		+		+		+		-		-		-	2,500	-
9	-1,200	+		+		+		=		+		+		+		-		-		-		-	1,200
10	2,000	+	-2,000	+		+		=		+		+		+		-		-		-		-
Total	33,850	+	2,000	+	500	+	25,000	=	21,500	+	1,050	+	40,000	+	4,000	-	700	-	800	-	2,500	-	1,200